CONTAINERSHIP
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What will be the size of the largest containerships ordered by the end of this year?

10,000 TEU
12,000 TEU
15,000 TEU
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September 2, 2005

Bush announces Jones Act waiver

President George W. Bush said yesterday that he has instructed Secretary of Homeland Security Chertoff to temporarily waive the requirement that oil and gasoline be transported from one U.S. port to another via U.S. -flag ships.

How the waiver will actually be implemented and how long it will last remains to be seen. The President's actual words yesterday were:

"Another challenge we face is that the downed pipelines are causing the need to transport gasoline to needed markets by ship. Under current law, shipping between American ports can only take place on American ships, and there are currently not enough American ships to move the oil and gasoline to where it's needed. So today I've instructed Secretary of Homeland Security Chairman Chertoff to temporarily waive this requirement, so foreign ships can also help distribute oil and gasoline to where it's needed. Today's action will further help us move gasoline to accommodate the demands of the American citizens."

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